Barr Foundation’s Barbara Hostetter, co-founder and chair of the board of trustees, and Jim Canales, president and CEO, share 3 lessons from broadening the range of perspectives into the boardroom.
Like many family foundations, Barr Foundation started in 1999 as a personal giving vehicle of its funders, Barbara Hostetter and Amos B. Hostetter Jr., and was governed by them. In 2017, the board grew from 3 to 5 trustees, and a majority are non-family members.
In “Philanthropy’s Ultimate Power-Sharing Opportunity: Governance,” Barbara and Jim Canales, the foundation’s chief executive, writes about how bringing in diverse perspectives at the board level ensures three governance functions: accountability, rootedness and adaptability. For them, this ultimate form of power sharing is mission-critical.
“Indeed, sharing power at the governance level is imperative to advancing our mission of ensuring that everyone can reach their full potential.”
– Barbara Hostetter and Jim Canales
“Philanthropy’s Ultimate Power-Sharing Opportunity: Governance”
Barbara and Jim offer 3 practical lessons from their ongoing journey and invite other funders to consider sharing power in their boardrooms as well.
“Philanthropy’s Ultimate Power-Sharing Opportunity: Governance” is part of the new Power in Philanthropy series on The Stanford Social Innovation Review (SSIR) blog in collaboration with NCRP. Contributors from NCRP and nonprofit and philanthropic leaders explore popular concepts in philanthropy – such as risk, capacity building, and public leadership – through the lens of power and equitable outcomes.
Power in Philanthropy is based on NCRP’s “Power Moves: Your essential philanthropy assessment guide for equity and justice.”
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Don’t miss forthcoming posts by Alison Corwin of Surdna Foundation, Ruth Cummings and Sharon Alpert of Nathan Cummings Foundation, Grant Oliphant of Heinz Endowment and others.
Or stay tuned on NCRP’s blog for links
to the latest articles in the series.